Daily Market Reflection 14thJune 2016 Market Outlook
For our BIG PROFIT calls and LATEST
The Rupee declined 25 paise to 66.01 against the US dollar in early
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trade on Monday amid concerns over Fed policy meet beginning
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Tuesday and referendum on Brexit next week. Weak domestic output data released on Friday and cautiousness over the CPI data scheduled
USDINR
later in the day, too weighed heavy on the domestic currency compared with the previous month. The British pound fell to an eight-week low against the dollar as investors grew more nervous of a referendum that could pull Britain
Reference Rate Currency
out of the European Union. Fundamental News Dollar slips over 1 percent against yen as Brexit fears stoke
USDINR EURINR GBPINR JPYINR
risk aversion. China - May Industrial Production 6.0% y/y (expected 6.0%).
Date Date 09-06-16 10-06-16 66.7948 67.0737 75.4714 75.5116 96.5719 95.1172 62.4000 63.3200
Sterling falls to 8-week low on Brexit anxiety, yen surges.
Currencies vs $
Sri Lankan rupee up; on exporter, foreign investor dollar
Currency
sales. Rupee Dollar Index Euro Pound Japanese Yen
Currency Future Currency
Date
Date
% Chg
10-06-16
13-06-16
USDINR
66.9375
67.3025
+0.55%
EURINR
75.6825
75.8700
+0.25%
GBPINR
96.5250
95.4600
-1.10%
JPYINR
62.6225
63.4375
+1.30%
Currency
Event
Forecast
Prev Close 66.7600 94.6600 1.1253 1.4198 106.16
% Chg
Prev.Close 1274.64 17.13 2.0470 48.48
% Chg +0.77% +1.16% -0.92% +0.06%
+0.56% -0.10% +0.10% -0.29% -0.15%
Global Commodities
Event Calendar (14th June 2016) Time
Close (5:00pm) 67.1375 94.5600 1.1265 1.4156 106.00
% Change +0.41% +0.05% -1.50% +1.47%
Previous
10:00am
JPY
Revised Industrial Production m/m
0.4%
0.3%
2:00pm
GBP
CPI y/y
0.4%
0.3%
2:00pm
GBP
PPI Input m/m
0.9%
0.9%
6:00pm
USD
Core Retail Sales m/m
0.4%
0.8%
6:00pm
USD
Retail Sales m/m
0.4%
1.3%
6:00pm
USD
Import Prices m/m
0.8%
0.3%
Commodity Gold Silver Crude Copper
Close 1284.52 17.33 2.0280 48.51
OUR PREVIOUS CALLS UPDATE Intraday super star Date Currency Entry Exit P/L 13/06 EURINR 75.6150 75.4950 2350 Trifid special Date Currency Entry Exit P/L 13/06 JPYINR 62.7500 63.0500 12000 For our next calls click here……..
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Overview USDINR
EURINR
USDINR opened higher on back of Rupee depreciation over
EURINR opened on lower note but gradually moved
poor IIP data and finally closed strong.
northward during the session and closed in green.
It sustained above 100 day EMA which is a strengthening
Now, sustaining above 76.0000 can make the counter to lead
signal for the pair while 67.0000 may act as strong support from current levels.
towards 76.4000 while 75.0500 is seen as crucial support for the counter.
R1 67.4000
R1
R2
S1
S2
76.0000
76.2000
75.7000
75.5000
R2 67.6000
S1 67.0000
S2 66.8000
GBPINR
JPYINR
GBPINR witnessed a sharp fall over Brexit fears and closed
JPYINR broke the important resistance of 63.1000 on daily
down surpassing deeper supports.
charts and closed above strongly.
It needs to hold above 96.0000 to gain strength while 94.7000
It can further lead towards 64.0000 mark if sustains above
will now act as important support for the pair.
whereas 63.0000 is seen as key support.
R1 95.7000
R2 95.9000
S1 95.1000
S2 94.9000
R1 63.5000
R2 63.7000
S1 63.1000
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S2 62.9000
Intraday Super Star (Premium Section)
Currency surpassed the key resistance levels and is expected to sustain on higher levels in the coming session as well indicating bulls to remain active. **** TARGETS ****/**** SL ****. For complete call subscribe to our premium reports.
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Trifid Special (Premium Section)
Currency closed below the immediate support as seen on daily charts and weakness may continue to prevail if it holds below this support and further bearishness can be seen. **** TARGETS **** SL ****. For complete call subscribe to our premium reports.
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